XE Market Analysis: Asia – Mar 05, 2019

The DXY rallied to fresh two-week highs in N.Y. on Tuesday, topping at 97.01 following strong U.S. housing and services ISM data. The index had bottomed at 96.73 early in the session, and later pulled back under 96.90. USD-JPY printed fresh trend highs of 112.13, after bottoming at 111.79, though it gave up some gains into the close. EUR-USD touched 1.1290 lows from opening highs of 1.1338, while USD-CAD peaked at 1.3360, with a political scandal in Canada weighing on the CAD. Cable bottomed at 1.3097, then recovered to 1.3180 after the London close.

[EUR, USD]